Just Politics

[Tearex]

Now that the banks' balance sheets have improved the party is over.

Are you referring to the boatload of crap, that congress unloaded on to the American people through bail outs, or the boatload the feds loaded by printing money and holding interest rates down.

So if I got this straight. Hold interest rates down while they unload there crap, then raise them up when the people can afford to pay for the banks crap that our government load on there boats.

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.
https://www.cnbc.com/2016/05/28/are-the-clintons-the-real-housing-crash-villains.html